Zack Childress - Rei Success Academy -

How to Present Multiple Offers   Get Zack’s Best Selling Book Here: MyFirstDealPlayBook.com Make Sure You Follow Zack so you don’t miss out on his The Real Esate Talk Show and other awesome tips and trainings. 1. Follow: http://www.reisuccessacademy.com/instagram 2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It’s right next to the Subscribe Button) 3. LIKE Zack’s page: Zack Childress - REI Success Academy Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It’s right next to the LIKE Button) 4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows You do NOT Want to Miss this Show! Let’s Start this week off right and let me help you to start #GettingYourLifeRight by being Actively Present with me for this. This is all for YOUR Business, Are you going to #OwnYourOwnLife and get the help on challenges you may be facing? Get Your FREE Copy of My New Book yet? Get Your Free C

4 Keys to finding the After Repaired Value in order to stay safea as an investor. Get Zack’s Best Selling Book Here: MyFirstDealPlayBook.com Make Sure You Follow Zack so you don’t miss out on his The Real Esate Talk Show and other awesome tips and trainings. 1. Follow: http://www.reisuccessacademy.com/instagram 2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It’s right next to the Subscribe Button) 3. LIKE Zack’s page: Zack Childress - REI Success Academy Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It’s right next to the LIKE Button) 4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows 5. Subscribe to my PODCAST to Listen in Your Car or While Exercising: http://www.reisuccessacademy.com/podcast You do NOT Want to Miss this Show! Let’s Start this week off right and let me help you to start #GettingYourLifeRight by being Actively Present with me for this. This is

4 ways to Invest your money in Real Estate to gain significant returns and not just be a "One Trick Pony" View our Website at reisuccessacademy.com Get Zack’s Best Selling Book Here: MyFirstDealPlayBook.com Make Sure You Follow Zack so you don’t miss out on his The Real Esate Talk Show and other awesome tips and trainings. 1. Follow: http://www.reisuccessacademy.com/instagram 2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It’s right next to the Subscribe Button) 3. LIKE Zack’s page: Zack Childress - REI Success Academy Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It’s right next to the LIKE Button) 4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows 5. Subscribe to my PODCAST to Listen in Your Car or While Exercising: http://www.reisuccessacademy.com/podcast You do NOT Want to Miss this Show! Let’s Start this week off right and let me help you to start #Getting

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.    It’s an excellent time to be involved in real estate. Create, stabilize and maintain your business. Those 3 steps lead to the 4th, which is to protect your business. Get started on these steps NOW. Moving to today’s topic… if you’re a buyer, you are likely going to be buying from wholesalers. Zack wants you to know that a lot of wholesalers are new in the business and not totally sure about it. If you’re buying from a wholesaler, step 1 is buying the contract, not buying the house. Owning the contract gives you the option to buy the house. If the wholesaler doesn’t want to show you the contract, that’s a problem. You absolutely must see it. The contract tells you whether the house is free and clear. It tells you who’s paying what costs. The contract is the product you’re purchasing. It is your righ

Today’s episode is about the difference between doers and lookers… between action and overthinking. Successful business owners DO. It’s the only way to create income. You can train and train, but until you implement you haven’t accomplished a thing. Overcome your doubts, build relationships, develop plans for success, and then DO.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Zack breaks down this episode into the 2 types of lenders you need to talk to: traditional (banks) and asset-based (hard money) lenders. When you call a local bank, be prepared to talk the bank’s language. Just ask for what you need, then clarify what you hear. Every bank has different loan programs, so call several. Once you get a positive answer about financing, make an appointment to meet the banker. You’ll both benefit by establishing rapport early. When you contact asset-based lenders, be quick and concise. Don’t ask them if they lend on certain types of deals. That’s what they do all day long. Start by telling them the type of properties/deals you are looking to fund and that you want to establish that funding is available before you find a deal. Ask if it’s possible to set up an account no

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Today’s episode is part 2 of 2 about working with a real estate agent. Zack has local agent, Tim Knox, on the show, so we can get the info from the agent’s side.  Tim’s company, Revolved Realty, is a flat-fee listing company in Madison, Alabama. Revolved has 2 offices and 19 agents that deal with buyers, sellers, investors and builders. All agents are not the same. As discussed in part 1, many agents know only retail buying and selling. Investors have different needs. Investors should ask agents about their experience level, consider personal compatibility and generally treat the first meeting like a job interview. Often the most suitable agent is also an investor. Zack asks Tim an important question, “What bothers you the most about investors?” Turns out that it’s lack of preparedness, wanting Tim to

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   Today’s topic is working with real estate agents. If you cultivate a good relationship with one or two agents, it can really give your business a boost. There are different types of real estate agents, and some specialize in working with investors. You can meet them at REIA meetings or through referrals from closing attorneys, title companies and such. Agents work on commission. When you talk to them, be sure they hear how beneficial it can be for them to help you find properties. Agents can find properties quickly, so be ready. Don’t waste their time finding a property that you aren’t prepared to close on. And don’t depend on agent to do more than find properties. Vet your own deals. Do not be afraid of using agents. Yes, there are costs, but an agent can help you grow your property portfolio as we

Zack talks about the importance of networking, and challenges us to get out of our comfort zones. He defines fear and explains how it works in our lives. The podcast has good ideas of places to network and people to network with. Zack believes it becomes a way of life if you will only go out and do it, i.e., practice.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   We’ve been talking about markets a lot lately. But it doesn’t matter what the market’s doing or what investment strategy you’re using if you don’t first build a strong team around you. If you find a hot property, you want to move on it quickly. That requires a vetted team of people with various skills. You will need to work with real estate attorneys or title companies to help you with closings. You’ll need a property management company that you trust. You’ll need a contractor (or a few) and a handyman or two.  “Your success is equal to your ability to invest in yourself.” Think of building your team as an investment. These people are going to work beside you. They will benefit from your success and you will benefit from theirs.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. If you are failing at something, sometimes you need to quit that thing. We all need to go through a serious, thorough self-examination from time to time. Quitting certain things in your life is required to be successful. Quitting does not make you a failure, even though our society often makes you feel that way. Sometimes I advise my coaching clients to quit real estate. And, sometimes clients come to tell me they’re quitting and why. Real estate investing can, and probably will, take over your life. Maybe that doesn’t fit your vision for yourself. “Life brings challenges. Sometimes quitting is appropriate. Own it.”

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Today we’re talking about success in wholesaling real estate. You need to be in areas that are open to cash buyers, and it helps to know rental vs. owner occupancy. Be ‘all purpose’ to buyers and sellers when you’re wholesaling. Have resources they can use such as a contractor, a title company, etc. Have a list of buyers/investors in the area, and market to them. Work your business by communicating. Go to REIAs, use signs and classified ads. Wholesaling leads can be cheap; they can even be free. Don’t spend a lot of money on marketing early on. Go out and talk to people, make mistakes, and learn from those mistakes. That’s how you build your business. Communicate, communicate, communicate… then do it some more. “Change is good.”

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   Today we’re talking about 3 things you need to do and know before looking at a property. These are fairly obvious, but you can’t review the basics too often. You need to study markets before investing in them. You must know the hot zones of a market and make a plan to segment the area… this should be a fundamental business practice. Look at properties only after you have your business team in place. If wholesaling, you need a list of buyers and an idea of what they typically buy. If rehabbing, you need a contractor to work with. And you certainly don’t want to find the right property before you’ve got funds lined up to purchase it. That wastes your time and that of the owner or agent that shows you the property. Please leave a podcast review. And, share my podcasts with other investors you know. Hel

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   Today we’re going to talk about co-wholesaling. Zack has broken it down into 8 steps, and that’s what he’s sharing with you. Zack started out wholesaling properties, but he had a hard time getting started because the market was flooded with wholesalers. This was Zack’s barrier of entry. He had to create success in this fierce market. Co-wholesaling was the only way he could get a toehold in real estate investing. He had to figure out what would work for him that didn’t require a big marketing budget. He hit upon following up on leads that other wholesalers didn’t want and splitting any profits he made with them. “Be willing to learn new things and try new things. It can change your game like I did.”

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Today we’re talking about the 3 stages of rehabbing. Stage 1 is your primary responsibility. During stage 1, you stay busy finding deals, finding funding and building a team. It’s your full-time job. You already know you need lots of leads/deals. You also need lots of types of funding, including a local bank. One size does not fit all deals. And you need LOTS of people on your team, such as your funders, realtors, title companies, closing attorneys, contractors, etc. Notice ‘contractors’ is plural in the line above. You might have more than one active rehab at a time, which is why you need more than one contractor. A trusted, skillful contractor is your most important colleague. If you try to be your own contractor, you lose time you should be spending looking for and building the next deal. Your real

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   You are doing direct mail wrong. I’m sure of it. It’s a paid lead source. And since you’re paying for it, be sure you’re doing it right. Within the advertising world, direct mail has the lowest response rate of any advertising method. It’s the nature of the beast. That’s why you need to focus on the list… only mail to certain ZIP codes, only mail to properties that have built up at least 50% in equity. Mailing multiple times gives you multiple opportunities to follow up. You should link letter 1 to letter 2, and link letter 2 to letter 3. It makes a difference. Layer the pain of the potential seller. Get a list of out-of-state owners (1stpain layer) who are also about to go into foreclosure (2ndpain layer). The deeper the pain is for that owner, the more likely he is to sell.

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Creative financing brings great opportunity. There’s lease option or sandwich lease option, there‘s subject to. Both involve taking over payments from current owner. With a subject to, I take over the property and take over the payments, but the financing agreement with lender remains in the current owner’s name. The contract states that I pay the owner the payoff amount of loan after ‘X’ number of years. During those years, I have a renter in the home that’s paying more than the mortgage amount while the final amount due (my final price) continues to go down. I get cash flow anda low price. Lease option and subject to deals have different contractual requirements. A good real estate attorney is going to know this, but it’s important for you to understand the options so you know the deal’s executed pr

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Today we’re going to talk about the different types of buyers that you will encounter when working in real estate. The 1sttype is the first-time buyer. They’re good candidates for fix and flips because they’re usually looking for a low price. They’ve got a down payment, and generally use standard bank mortgages. Occasionally they need seller financing, which gives you a higher return. Listen to learn about other types of buyers, including financed investor buyers, cash buyers and tenant buyers. Zack breaks the larger categories into smaller units for an enlightening level of detail. “You can’t expect your results in life to change if you continue doing the same thing.”

The question that Zack Childress poses in every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Today we’re going to talk about the different types of buyers that you will encounter when working in real estate. The 1sttype is the first-time buyer. They’re good candidates for fix and flips because they’re usually looking for a low price. They’ve got a down payment, and generally use standard bank mortgages. Occasionally they need seller financing, which gives you a higher return. Listen to learn about other types of buyers, including financed investor buyers, cash buyers and tenant buyers. Zack breaks the larger categories into smaller units for an enlightening level of detail. “You can’t expect your results in life to change if you continue doing the same thing.”  

Today’s topic is tough to hear if it applies to you. If you’ve established a real estate business, then started and stopped and started and stopped, you need to toughen up. You need to stay in the fight whether it’s easy or not. Don’t stop when a deal falls through; look for another buyer or seller. “You will never grow until you work your way through the hard times.” Embrace the hard times and grow. When you work through a challenge, you’ll know how to tackle or avoid it the next time it appears. What about your team? Do they have the courage to stick with the business? Be sure they do. “In your journey, you cannot miss every rock.” Just don’t be afraid of hitting the rock. Repair your boat and move around it. Watch out for distractions. Be proactive and block out time for the business.